


| VLCC rates surge as Saudi Bahri charters 14 tankers ahead of Aramco output hike |
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VLCC freight rates surged in Asia Wednesday as Saudi Arabian shipping company Bahri chartered more than a dozen VLCCs from the spot market with the country planning to step up crude output by 3 million b/d from April, market participants said Wednesday. From April, Saudi Aramco aims to pump 12.
Posted: 2020-03-12 00:24:00
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